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Liquidia (NASDAQ: LQDA) affiliate plans new stock sale after $710K July trade

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Liquidia Corporation (LQDA) reports a planned sale of up to 29,534 shares of common stock through Morgan Stanley Smith Barney LLC, with an indicated aggregate market value of $2,269,380.75. Shares outstanding were 89,508,891; this is a baseline figure, not the amount being sold. The sale is expected around 08/17/2026 on NASDAQ. The shares relate to vested equity awards, including Performance Shares and Restricted Stock. In the past three months, an affiliate, Rajeev Saggar, sold 9,926 common shares for $709,782.87.

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Planned shares to be sold 29,534 shares Common stock to be sold through Morgan Stanley Smith Barney LLC
Aggregate market value of planned sale $2,269,380.75 Indicated value of 29,534 common shares
Shares outstanding 89,508,891 shares Common shares outstanding as referenced in the Form 144
Expected sale date 08/17/2026 Estimated date for proposed sale of 29,534 shares
Past 3 months shares sold 9,926 shares Common shares sold by Rajeev Saggar on 07/13/2026
Value of past 3 months sale $709,782.87 Proceeds from 9,926 shares sold on 07/13/2026
Performance Shares grant 06/03/2025 10,057 shares Performance Shares listed as securities to be sold
Restricted Stock grant 04/11/2026 4,946 shares Restricted Stock listed as securities to be sold
Form 144 regulatory
"144: Securities To Be Sold"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
Performance Shares financial
"Common | 06/03/2025 | Performance Shares | Issuer"
Performance shares are a type of company stock given to executives or employees that only become theirs if the company meets specific goals, like hitting certain profits or growth targets. They motivate leaders to work toward the company’s success, because their additional shares depend on achieving these results.
Restricted Stock financial
"Common | 04/11/2026 | Restricted Stock | Issuer"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Securities To Be Sold regulatory
"144: Securities To Be Sold"

FAQ

What does Liquidia (LQDA) disclose in this Form 144 filing?

Liquidia discloses a proposed sale of 29,534 common shares by an affiliate, with an indicated value of $2,269,380.75. The shares stem from equity awards such as Performance Shares and Restricted Stock and are expected to be sold on NASDAQ around 08/17/2026.

How many Liquidia (LQDA) shares are planned for sale and what is their value?

The filing indicates a planned sale of 29,534 shares of common stock with an aggregate market value of $2,269,380.75. These shares are associated with prior equity grants and are separate from the total 89,508,891 shares outstanding.

When is the proposed sale of Liquidia (LQDA) shares expected to occur?

The proposed sale of the 29,534 Liquidia common shares is expected around 08/17/2026. This timing applies to sales through Morgan Stanley Smith Barney LLC on NASDAQ, as disclosed in the Form 144 filing.

What prior stock sale activity by an affiliate of Liquidia (LQDA) is reported?

The filing reports that affiliate Rajeev Saggar sold 9,926 Liquidia common shares on 07/13/2026 for total proceeds of $709,782.87. This transaction occurred within the three-month period preceding the planned Form 144 sale.

What is Liquidia’s (LQDA) share count context in this Form 144?

Liquidia states that 89,508,891 shares of common stock were outstanding. This figure provides context for the company’s total equity base and is not the amount being sold under the Form 144, which covers 29,534 shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature